East Side midtown rental prices expanded modestly, up 3.6% compared to August 2012. Murray Hill is just one of the sections, located on the East Side of Manhattan. Murray Hill is located between Fifth Avenue and the FDR Drive and between 34th Street and 42nd Street. In accordance with The Elliman Report, “ Modest rise in rental, the 1-bedroom market showed the least significant gain rising only by 0.5% to $3,013.00, while the 3-bedroom market posted the largest gain, rising by 14.4% to $7,132.00.”
Now, and as it is clear from the Elliman Report, the rental market is still attractive to new rentals, whereas stated, “There were 1,305 new rentals during August 2013, up 38.1% from the same month last year. Studios, increased by 30%; 1-bedrooms increased by 34.4%; 2-bedrooms increased by 68.8% and 3-bedrooms market increased by 17.6%.” Well with this kind of percentage change, many people are attracted to the neighborhood because of excellent transportation, whereas located in the middle of Manhattan.
Many residents enjoy living in Murray Hill because of the beauty and calm of the area’s business district but also combines elegant townhouses, very attractive apartment buildings, great clubs, and two small wonderful museums. Also, The Morgan Library, which is a grand building, that houses highly valuable collections of drawings, books manuscripts. Also The Scandinavia House – The Nordic Center in America, which exhibits modern Scandinavian furniture and work of arts.
Let’s be clear about Murray Hill, it is known for many cafes and shops. But it is also known for the New York Public Library, which offers many collections of books as well as concerts and other events. Moreover, within Murray Hill, other cultural institutions like The New York Art Theatre; The Folksbiene Yiddish Theater, and the Jewish Repertory Theater.
Apart from the aforesaid, Murray Hill has wonderful places for dining, like Artisanal, famous for serving french meals and the water club for great seafood and the Wolfgang’s Steakhouse.